New Listing

BNP Paribas AM to launch ESG world and infrastructure ETFs on Irish platform

The French asset manager will mirror its existing ETFs on its ICAV

Jamie Gordon

Central Bank of Ireland

BNP Paribas Asset Management (BNPP AM) is set to launch Irish domiciled iterations of its world ESG filtered and ESG infrastructure ETFs, ETF Stream can reveal

The BNP Paribas Easy MSCI World ESG Filtered Min TE UCITS ETF and the BNP Paribas Easy ECPI Global ESG Infrastructure UCITS ETF both registered with the Central Bank of Ireland (CBI) on 27 March, on the same day as the BNP Paribas Easy S&P 500 ESG UCITS ETF (SPEEU) which listed last month

BNPP AM is expected to announce more sub-fund launches from its Irish Collective Asset-management Vehicle (ICAV) in H2, with the ESG world and infrastructure strategies expected to have duplicate Irish and Luxembourg domiciled ETFs. 

The existing Luxembourg-domiciled world ESG filtered ETF launched in April last year and houses $73m assets. 

The product tracks the MSCI World ESG Filtered Min TE index of 1,023 constituents based on ESG and climate change exclusions. The index also excludes the bottom 20% of stocks in the MSCI World index according to ESG scoring. 

The existing ESG infrastructure ETF launched October 2018 and has $289m assets under management (AUM). 

It tracks the ECPI Global ESG Infrastructure Equity index of 100 largest companies involved in infrastructure subsectors including transportation, social, water, waste, communication and energy, subject to ECPI’s ESG methodology. 

BNPP AM’s SPEEU listed on Euronext Paris, Euronext Dublin and the Deutsche Boerse last month and is expected to list on the SIX Swiss Exchange and Borsa Italiana this month. The date of its listing on the London Stock Exchange is yet to be confirmed. 

The recent move came after ETF Stream revealed the firm’s plans to begin domiciling ETFs in Ireland in January, to compete with other European issuers. 

In April, BNPP AM global head of development for ETFs and index funds Lorraine Sereyjol-Garros told ETF Stream the group was looking to launch 15 ETFs on its Irish platform by 2025. 

It joins fellow French asset manager Amundi, which announced it would begin domiciling segments of its ETF range in Ireland last May.

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